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Dragon Riders GBP/JPY

  • #981
  • Dec 9, 2014 11:51am Dec 9, 2014 11:51am
Quoting AllyB
{quote} and 400+ pips later it just showed me how not to mess with the dragon did get a couple trades in last night that sort of gave me the idea that I didn't want to leave my buys open since they missed my TP by 1/2 pip at 188.20 and closed them manually at 03. it was just struggling to much to go higher and I figured it was due to the news did you sell and buy?
You did exactly the right thing..
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  • #982
  • Edited 12:24pm Dec 9, 2014 12:08pm | Edited 12:24pm
Quoting FX-Ray
{quote} You did exactly the right thing.. {image}
I love it when you say that

here is a better photo
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  • #983
  • Dec 9, 2014 12:31pm Dec 9, 2014 12:31pm
Hmm.....I wonder if the GBP/JPY will reach the pivot point before the NY market closes...
  • #984
  • Dec 9, 2014 12:41pm Dec 9, 2014 12:41pm
Quoting Vermillion
Hmm.....I wonder if the GBP/JPY will reach the pivot point before the NY market closes...
Where is the pp dude, can I ask?

Cheers.
  • #985
  • Dec 9, 2014 1:19pm Dec 9, 2014 1:19pm
Quoting Didgeridoo
{quote} Where is the pp dude, can I ask? Cheers.
It's impossible. I was hoping for a wild jump back up when people realized that the dumping of GBP & USD was caused by U.S. stock performance (which in of itself doesn't mean a bearish dollar), but it probably won't happen as it's too late for New York hours.

Pivot point on the daily= around 188.9.

Hourly pivot point is 187. but personally, I prefer FX-ray's DP of 187.6 (that's where the first major support was during this 200+ pip correction).

I think we'll reach 187.6 before we have another correction down, but until then, a retest of 186.70/40 isn't out of the question.

You should see the forum for EUR/USD; half the people there don't even know WHY the price is rising, but they're still making predictions.
  • #986
  • Dec 9, 2014 1:49pm Dec 9, 2014 1:49pm
Quoting smash1820
The one thing I will say though, that you guys are absolutely right about, is once this 4H chart tops out, you're going to see one hell of a selloff... I just hope it doesn't happen while I'm asleep.
Hi guys and gals... OH MY... I just checked some charts. I hate to say I told you so, but the truth is this selloff was entirely predictable. I hope everyone made bank on it. 400 pips in 15 hours? I got nothing to say to that except DAMN. Normally I'd freak out and start swearing and everything because I missed the whole move, but my trading day is just beginning and I don't want it to start on a bad vibe.

PS: Get ready for "Round 2" soon...
Please check out my blog at https://from-zero-to-hero . net
  • #987
  • Dec 9, 2014 1:58pm Dec 9, 2014 1:58pm
Quoting Vermillion
{quote} It's impossible. I was hoping for a wild jump back up when people realized that the dumping of GBP & USD was caused by U.S. stock performance (which in of itself doesn't mean a bearish dollar), but it probably won't happen as it's too late for New York hours. Pivot point on the daily= around 188.9. Hourly pivot point is 187. but personally, I prefer FX-ray's DP of 187.6 (that's where the first major support was during this 200+ pip correction). I think we'll reach 187.6 before we have another correction down, but until then, a retest of...
Thanks for that info, much appreciated.

Yeah, I see where you're talking about. I've got price banging against a resistance level at ~ 187.1. Whilst I wish I could remain bullish on the pair, I've turned neutral for now. For this trend to maintain it's current trajectory at this point in the year MAY be a stretch. With the US stock performance, I'm under the impression that it's a widespread phenomenon, which may perhaps see the US anchored somewhat by it's international counterparts.
  • #988
  • Dec 9, 2014 2:06pm Dec 9, 2014 2:06pm
Geppy is going back to 185. Get ready folks. The demise of the dollar has come.
Please check out my blog at https://from-zero-to-hero . net
  • #989
  • Dec 9, 2014 2:15pm Dec 9, 2014 2:15pm
Time for random rerun Japanese headline to send USDJPY surging
  • #990
  • Dec 9, 2014 2:16pm Dec 9, 2014 2:16pm
Geppy not showing signs of going down by this look at it. Hit inner support with the body and bounced back off of it. Wick pierced both support levels, but like I said, a quick recovery. By this look IMO, Geppy moving back up.
Attached Image (click to enlarge)
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  • #991
  • Dec 9, 2014 2:19pm Dec 9, 2014 2:19pm
Quoting AllyB
{quote} I love it when you say that here is a better photo {image}
Just nice, perfect exit, impress me more than a entry on the right spot. Its like you left and cashed in before the storm came.
  • #992
  • Dec 9, 2014 2:22pm Dec 9, 2014 2:22pm
Quoting workingforex
{quote} Yes last time the run of 1500 pips was amazing. Let see how it works out this time but I would be happy with 500 this time. Waited and waited so long for this move. About ATR calculation, I will definitely give it a shot but will be watching your post as well, . Always trust the master.
186.75/45 looks positive. Adjust your stop below. Next is 187.80/00, as soon as it gets printed adjust your stop. (DP - ATR = SL)
  • #993
  • Dec 9, 2014 2:22pm Dec 9, 2014 2:22pm
Quoting smash1820
{quote} Hi guys and gals... OH MY... I just checked some charts. I hate to say I told you so, but the truth is this selloff was entirely predictable. I hope everyone made bank on it. 400 pips in 15 hours? I got nothing to say to that except DAMN. Normally I'd freak out and start swearing and everything because I missed the whole move, but my trading day is just beginning and I don't want it to start on a bad vibe. PS: Get ready for "Round 2" soon...
Sadly, I dd pocket 80pips, but I lost most because my long on 185.704 got stopped out (35,000 long)

My stop loss turned out to be today's LOWEST price- 185.20.

I need to work on my stop losses; this is the third trade position in the past 10 days that cost be $400+ in profit.

I still made $200 today overall (with open positions intact), but still.
  • #994
  • Dec 9, 2014 2:25pm Dec 9, 2014 2:25pm
Attached Image (click to enlarge)
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  • #995
  • Dec 9, 2014 2:33pm Dec 9, 2014 2:33pm
I lost on this pair today too, but not so much so np. Also nice profit day today overall.
Went into long not so longtime ago again at 187.176 tp 88.523 but not sure just close it for few pips scalp or leave it per night. I hate leaving trades on the night.
Time is your friend; impulse is your enemy.
  • #996
  • Dec 9, 2014 3:21pm Dec 9, 2014 3:21pm
Quoting FX-Ray
{quote} 186.75/45 looks positive. Adjust your stop below. Next is 187.80/00, as soon as it gets printed adjust your stop. (DP - ATR = SL)
Agreed. When I look at that with my channel on the 4h, it seems very likely this is going bull again.
  • #997
  • Dec 9, 2014 3:50pm Dec 9, 2014 3:50pm
Quoting FX-Ray
{quote} Chart D1 G/U Thats what I see for now mate. Anyway, she still let me in [G/J]. {image}
Before and after.. simple as daily high and low.
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  • #998
  • Dec 9, 2014 3:53pm Dec 9, 2014 3:53pm
Quoting FX-Ray
{quote} Chart H1 {image}
and E/U..

Add: If 1.2370/65 support next 1.24475 or/and 1.2520/15
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  • #999
  • Dec 9, 2014 4:08pm Dec 9, 2014 4:08pm
Quoting FX-Ray
{quote} 186.75/45 looks positive. Adjust your stop below. Next is 187.80/00, as soon as it gets printed adjust your stop. (DP - ATR = SL)
187.85 is my level
  • #1,000
  • Dec 9, 2014 4:13pm Dec 9, 2014 4:13pm
Quoting AllyB
{quote} 187.85 is my level
What are you up to?
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